XRP trading volume doubles after record $6.3 billion Binance hack
- —XRP 24-hour volume rose 120% to roughly $4.73 billion
- —XRP price fell 2.6% to $1.25 amid the selloff
- —Total crypto market cap dropped 2.47%, erasing $130 billion
- —XRP liquidations reached $36.7 million of $1.55 billion total
Why it matters: Rising volume alongside falling prices points to forced selling rather than fresh demand, making the $1.25 support level key for XRP's next move.
Source: Finbold